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MINISTER: INTEREST IN STRENGTHNING ECONOMIC RELATIONS ON HIGH LEVEL MOVED INTO BUSINESS IN ARMENIA AND RUSSIA
ARKA
December 6, 2010
YEREVAN
YEREVAN, December 6. /ARKA/. Interest in strengthening economic
relations on high level in moves into business Armenia and Russia,
said Armenian Minister of Economy Nerses Yeritzyan.
Russia continues to occupy the leading place in the list of trade
partners of Armenia. Recently, increase of interest of Russian business
in Armenia is significant. Creation of free economic zones "in which
Russia actively participates" will become an incentive for business
activation and involvement of new investments.
"Today 40 companies of Russian Federation have trade-industrial and
scientific-technical agreements with Armenia and its regions. The
most active is Moscow which has more than half of Armenian-Russian
trade turnover, Moscow, Yaroslavl, Sverdlovsk, Nizhegorodsk regions
and Saint-Petersburg", he said.
Armenian-Russian cooperation covers the main sectors of economy. The
most important sectors are fuel-energy, mining and chemical
industry, electro-technical, transport, construction, machinery and
communication.
"Priority sectors are IT, electronic and instrument making industries,
jewellery production and diamond cutting, agriculture, services and
tourism spheres", he said.
Total volume of investments from Russia to Armenia was $191341.6
thousand in January-October 2010, of which direct investments were
$148176.7 thousand.
They make 40.5% of total foreign investments in real sector of Armenia
and 42.5% - direct investments. In 2010 investments of Russia reduced
by 0.3% compared with 2009 and direct investments increased by 21.3%.
Currently, about 1200 enterprises are operating in Armenia with
participation of Russian capital.
From: A. Papazian
ARKA
December 6, 2010
YEREVAN
YEREVAN, December 6. /ARKA/. Interest in strengthening economic
relations on high level in moves into business Armenia and Russia,
said Armenian Minister of Economy Nerses Yeritzyan.
Russia continues to occupy the leading place in the list of trade
partners of Armenia. Recently, increase of interest of Russian business
in Armenia is significant. Creation of free economic zones "in which
Russia actively participates" will become an incentive for business
activation and involvement of new investments.
"Today 40 companies of Russian Federation have trade-industrial and
scientific-technical agreements with Armenia and its regions. The
most active is Moscow which has more than half of Armenian-Russian
trade turnover, Moscow, Yaroslavl, Sverdlovsk, Nizhegorodsk regions
and Saint-Petersburg", he said.
Armenian-Russian cooperation covers the main sectors of economy. The
most important sectors are fuel-energy, mining and chemical
industry, electro-technical, transport, construction, machinery and
communication.
"Priority sectors are IT, electronic and instrument making industries,
jewellery production and diamond cutting, agriculture, services and
tourism spheres", he said.
Total volume of investments from Russia to Armenia was $191341.6
thousand in January-October 2010, of which direct investments were
$148176.7 thousand.
They make 40.5% of total foreign investments in real sector of Armenia
and 42.5% - direct investments. In 2010 investments of Russia reduced
by 0.3% compared with 2009 and direct investments increased by 21.3%.
Currently, about 1200 enterprises are operating in Armenia with
participation of Russian capital.
From: A. Papazian